Estate Planning

• What is estate planning?

  Estate planning is the process of creating legal documents that let you make decisions today about what should happen in the future. You can give specific instructions about medical and financial matters and you can name trusted individuals to act on your behalf. A typical estate plan also lets you create a legacy plan for the distribution of your assets after death.

• Who needs estate planning?

  Every adult may benefit from some form of estate planning. Having a plan in place provides the comfort and confidence of knowing that if the unexpected happens, your trusted loved ones will know your wishes and intentions and be empowered to carry them out.

• Who are these templates designed for?

  Our templates are designed to cover a range of estate planning goals that are typical for most people. If you have exceptional needs such as complicated financials, complex family structures, or unique needs then it may be best to consult with a licensed professional to determine the type of estate plan that best meets your particular circumstances.

• Is this legal?

  Yes. The state-specific, reliable document templates are created by attorneys. After you have entered your responses and submitted the questionnaire, your documents will be emailed to you to print, sign, and notarize.

• What documents are included in an estate plan through this solution?

  The available estate plan document tools include a Last Will and Testament or Revocable Trust, General Durable (Financial) Power of Attorney, Medical Power of Attorney, Advance Directive/Living Will, HIPAA Authorization, Declaration of Appointment of Guardian, and Appointment of Agent to Control Disposition of Remains. The product options are presented in comprehensive packages to ensure the estate plan you choose is complete.

• What is the purpose of these templates?

  Each template serves a unique purpose. Click Read More to learn about each document.   Read More

• What is the difference between a Last Will and Testament and a Revocable Trust?

  A Will is a simple document that outlines what happens at death. A Will allows you to specify who gets what, but allows for little customization as to when and how assets are distributed. A Trust is a more sophisticated document that can apply during your lifetime and after your death. A Trust allows you to specify who gets what but also allows you more control over when and how assets are distributed – a great feature for those with younger kids. One important note: Wills go through probate. Assets held in a Trust will avoid probate.

• What is probate?

  Probate is the legal process of administering your Will and handling your estate after you pass. This court process involves validating the Will, identifying and valuing your assets, paying any outstanding debts, and distributing the remaining assets to the heirs. Probate primarily applies to individuals who only have Wills in place (or nothing at all).

• Can I avoid probate?

  Yes. Building an estate plan around a Trust can help avoid the need for probate and can make the process easier.

• What is “funding” a Revocable Trust?

  After creating the Trust the important next step is to transfer assets from your name into the name of the Trust. This is commonly referred to as “funding” the Trust. Don’t worry – you will still be the Trustee of the Trust and the assets will still be yours, but this step is an important function to ensure the Trust works as designed. To do this, contact the respective financial institutions, title companies, etc. and complete the necessary paperwork provided by the entity. They may ask for a copy of your Certification of Trust (included in the comprehensive Trust Package).   Read More

• Can I transfer my home to the trust?

  Whether you own real property outright or have a mortgage, you have the option to transfer or title the property into the name of the Trust so it can be held, sold, distributed or managed through the Trust.

• What is the difference between a Revocable Trust and an Irrevocable Trust?

  A Revocable Trust can be changed or revoked by the person who created it while an Irrevocable Trust typically cannot be changed or revoked, except in very limited circumstances with court permission and the approval of all beneficiaries. Revocable Trusts are the most typical for general estate planning. Irrevocable Trusts are typically special-use tools for specific use cases.

• Do I need an estate plan if I don't have many assets?

  Everyone can benefit from having an estate plan, regardless of the size of their estate. An estate plan has benefits that are more than just the value of an estate. Yes, an estate plan can ensure your assets are distributed according to your wishes. Additionally, other documents in a comprehensive estate plan allow you to name trusted loved ones to assist with making financial and medical decisions during your lifetime if you need their help. Estate plans also let you nominate Guardians to care for your children if you are unable to do so.

• Can I make changes to my estate plan?

  Yes, you can make changes to your estate plan at any time.

• After I download my forms, what are the next steps?

  Your estate plan will be emailed to you directly. Along with the documents, you’ll receive written instructions for signing and notarizing the documents in your package. Once the documents are signed and notarized, make copies to share as needed and store the originals in a safe location (a safe deposit box or secure location at home).

• Should I inform others that I have created an estate plan?

  Letting your loved ones know you have created a plan, and where to find the documents if they need to act on your behalf, can eliminate confusion and further disruption in trying times. However, it is entirely up to you if, whether, or how, you share your information.

• Is my information secure?

  Yes. Your information is stored and protected with the highest levels of protection. We are serious about security and will never share or sell your personal information.